A client placed three new business assets into service in 2018. The client has high taxable income and would like to maximize the deduction by using bonus depreciation. All of the following assets will qualify for bonus depreciation except

Question

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Bonus depreciation generally applies to tangible personal property with a recovery period of 20 years or less. A garage is considered real property and does not qualify for bonus depreciation.

A Client Placed Three New Business Assets into Service in 2018